National Bank Holdings Corporation (NBHC) Announces Earnings Results

National Bank Holdings Corporation (NYSE:NBHC) posted its quarterly earnings data on Thursday, July 20th. The financial services provider reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.05, Briefing.com reports. National Bank Holdings Corporation had a net margin of 17.64% and a return on equity of 6.60%. The company had revenue of $48.85 million during the quarter, compared to analyst estimates of $48.30 million. During the same period in the prior year, the firm earned $0.15 earnings per share.

Shares of National Bank Holdings Corporation (NYSE NBHC) traded down 0.34% during mid-day trading on Wednesday, hitting $32.39. The stock had a trading volume of 45,526 shares. The stock’s 50-day moving average price is $33.61 and its 200 day moving average price is $32.47. National Bank Holdings Corporation has a 1-year low of $22.38 and a 1-year high of $36.04. The company has a market capitalization of $867.76 million, a P/E ratio of 25.50 and a beta of 0.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.11%. National Bank Holdings Corporation’s dividend payout ratio (DPR) is presently 27.91%.

Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of National Bank Holdings Corporation by 41,096.1% in the first quarter. BlackRock Inc. now owns 3,487,249 shares of the financial services provider’s stock valued at $113,336,000 after buying an additional 3,478,784 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of National Bank Holdings Corporation by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,577,232 shares of the financial services provider’s stock worth $85,332,000 after buying an additional 68,938 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of National Bank Holdings Corporation by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,250,544 shares of the financial services provider’s stock worth $74,516,000 after buying an additional 15,887 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of National Bank Holdings Corporation by 0.9% in the second quarter. Renaissance Technologies LLC now owns 1,154,900 shares of the financial services provider’s stock worth $38,239,000 after buying an additional 10,600 shares during the last quarter. Finally, State Street Corp boosted its position in shares of National Bank Holdings Corporation by 11.9% in the first quarter. State Street Corp now owns 911,713 shares of the financial services provider’s stock worth $29,640,000 after buying an additional 96,979 shares during the last quarter. Institutional investors and hedge funds own 96.94% of the company’s stock.

A number of research firms have commented on NBHC. Stephens set a $34.00 price objective on shares of National Bank Holdings Corporation and gave the company a “hold” rating in a research note on Monday, June 26th. BidaskClub lowered shares of National Bank Holdings Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $35.00 price objective on shares of National Bank Holdings Corporation in a research note on Monday, June 26th. Zacks Investment Research upgraded National Bank Holdings Corporation from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a report on Thursday, June 29th. Finally, Piper Jaffray Companies initiated coverage on National Bank Holdings Corporation in a report on Tuesday, July 11th. They issued a “neutral” rating and a $35.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. National Bank Holdings Corporation has a consensus rating of “Hold” and an average price target of $33.20.

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About National Bank Holdings Corporation

National Bank Holdings Corporation (NBH) is a bank holding company. Through Bank Midwest, N.A. (Bank Midwest), NBH’s primary business is to offer a range of products and financial services to both its commercial and consumer customers, located in Kansas, Missouri and Colorado. The Company offers an array of lending products to cater to the customers’ needs, including, but not limited to, small business loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, residential mortgage loans, home equity and consumer loans.

Earnings History for National Bank Holdings Corporation (NYSE:NBHC)

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